EMDIKO: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
EMDIKO
Largest movements
- Stocks and contracts -€247,210
down €247,210 (-21.7%), from €1.1m to €894,359
- Cash +€232,421
up €232,421 (+120.1%), from €193,525 to €425,947
mainly Stocks and contracts (+€247,210) and Depreciation (+€59,100)
- Receivables within one year -€46,623
down €46,623 (-93.6%), from €49,836 to €3,212
of which Other amounts receivable: -€31,399
- Tangible fixed assets -€38,571
down €38,571 (-3.5%), from €1.1m to €1.0m
of which Land and buildings: -€43,743
- Other debts -€119,581
down €119,581 (-19.8%), from €602,753 to €483,172
- Tax, wage and social debts +€51,073
up €51,073 (+680.2%), from €7,509 to €58,582
- Profit (loss) carried forward -€24,991
down €24,991 (-12.3%), from €203,650 to €178,658
- Gross operating margin -€110,371
down €110,371 (-53.2%), from €207,603 to €97,232
- Taxes -€26,307
down €26,307 (-99.9%), from €26,339 to €32
- Financial charges -€3,208
down €3,208 (-7.6%), from €42,304 to €39,096
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €2,473,600 | €2,373,341 | -€100,260 | -4.1% |
| Fixed assets | 21/28 | €1,087,056 | €1,048,485 | -€38,571 | -3.5% |
| Tangible fixed assets | 22/27 | €1,087,056 | €1,048,485 | -€38,571 | -3.5% |
| Land and buildings | 22 | €1,016,354 | €972,611 | -€43,743 | -4.3% |
| Plant, machinery and equipment | 23 | - | €5,171 | +€5,171 | |
| Other tangible fixed assets | 26 | €70,702 | €70,702 | = | 0.0% |
| Current assets | 29/58 | €1,386,544 | €1,324,856 | -€61,688 | -4.4% |
| Stocks and contracts in progress | 3 | €1,141,569 | €894,359 | -€247,210 | -21.7% |
| Contracts in progress | 37 | €1,141,569 | €894,359 | -€247,210 | -21.7% |
| Amounts receivable within one year | 40/41 | €49,836 | €3,212 | -€46,623 | -93.6% |
| Trade receivables | 40 | €18,374 | €3,149 | -€15,224 | -82.9% |
| Other amounts receivable | 41 | €31,462 | €63 | -€31,399 | -99.8% |
| Cash at bank and in hand | 54/58 | €193,525 | €425,947 | +€232,421 | +120.1% |
| Deferred charges and accrued income | 490/1 | €1,615 | €1,338 | -€276 | -17.1% |
| Total equity and liabilities | 10/49 | €2,473,600 | €2,373,341 | -€100,260 | -4.1% |
| Equity | 10/15 | €1,333,680 | €1,308,689 | -€24,991 | -1.9% |
| Contributions | 10/11 | €960,000 | €960,000 | = | 0.0% |
| Capital | 10 | €960,000 | €960,000 | = | 0.0% |
| Issued capital | 100 | €960,000 | €960,000 | = | 0.0% |
| Reserves | 13 | €170,030 | €170,030 | = | 0.0% |
| Non-distributable reserves | 130/1 | €96,000 | €96,000 | = | 0.0% |
| Legal reserve | 130 | €96,000 | €96,000 | = | 0.0% |
| Distributable reserves | 133 | €74,030 | €74,030 | = | 0.0% |
| Profit (loss) carried forward | 14 | €203,650 | €178,658 | -€24,991 | -12.3% |
| Amounts payable | 17/49 | €1,139,920 | €1,064,652 | -€75,268 | -6.6% |
| Amounts payable after more than one year | 17 | €477,000 | €477,000 | = | 0.0% |
| Other amounts payable | 178/9 | €477,000 | €477,000 | = | 0.0% |
| Amounts payable within one year | 42/48 | €620,708 | €548,774 | -€71,935 | -11.6% |
| Trade debts | 44 | €10,447 | €7,020 | -€3,427 | -32.8% |
| Suppliers | 440/4 | €10,447 | €7,020 | -€3,427 | -32.8% |
| Taxes, remuneration and social security | 45 | €7,509 | €58,582 | +€51,073 | +680.2% |
| Taxes | 450/3 | €7,509 | €58,582 | +€51,073 | +680.2% |
| Other amounts payable | 47/48 | €602,753 | €483,172 | -€119,581 | -19.8% |
| Accrued charges and deferred income | 492/3 | €42,212 | €38,878 | -€3,333 | -7.9% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €57,572 | €59,100 | +€1,528 | +2.7% |
| Other operating charges | 640/8 | €25,178 | €24,635 | -€543 | -2.2% |
| Gross operating margin | 9900 | €207,603 | €97,232 | -€110,371 | -53.2% |
| Operating profit (loss) | 9901 | €124,853 | €13,497 | -€111,356 | -89.2% |
| Financial income | 75/76B | €229 | €640 | +€411 | +179.3% |
| Recurring financial income | 75 | €229 | €640 | +€411 | +179.3% |
| Financial charges | 65/66B | €42,304 | €39,096 | -€3,208 | -7.6% |
| Recurring financial charges | 65 | €42,304 | €39,096 | -€3,208 | -7.6% |
| Profit (loss) for the period before taxes | 9903 | €82,778 | -€24,960 | -€107,738 | |
| Income taxes | 67/77 | €26,339 | €32 | -€26,307 | -99.9% |
| Profit (loss) for the period | 9904 | €56,440 | -€24,991 | -€81,431 | |
| Profit (loss) for the period to be appropriated | 9905 | €56,440 | -€24,991 | -€81,431 |
Source: filed annual accounts (NBB), financial years ended 30 December 2024 and 30 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 9 October 2026 via checked.be.